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Housing Market: Lower Agent Fees Will Save $$$ for Sellers, Buyers
Episode 1028
Published 5 years, 1 month ago
Description
Selling a home is about to get cheaper as the result of an antitrust lawsuit. Because of a settlement between the National Association of Realtors and the Department of Justice, the fees that sellers pay to buyers will be publicly displayed on listing pages. Redfin is already doing it in many markets, and other real estate websites are expected to follow suit in the coming months. That kind of transparency typically results in more competition and lower rates.